63-year-old Narendra Modi became India's 15th Prime Minister. The glittering oath-taking ceremony attended by more than 4,000 guests and held at the forecourt of the Rashtrapati Bhawan was graced by leaders from the SAARC nations, top politicians and bureaucrats of the country. Forty-five other members of the Council of Ministers were also sworn in. Among the senior leaders sworn in the cabinet ranks included former BJP President Rajnath Singh, Sushma Swaraj and Arun Jaitley.
INDUSTRY EXPECTATIONS FROM NEW GOVERNEMNT
MAIT
Amar Babu, President, MAIT said, "Although Narendra Modiji has actively spoken on manufacturing, we suggest his govt. put in place a manufacturing ecosystem immediately by ushering in policy reforms, regulatory frameworks and removing inverted duty structure to facilitate investments in the country."
Debjani Ghosh, Vice President, MAIT remarked, "Since Modi has actively advocated technology penetration and digital literacy, we wish the government build an intelligent and confident India by fostering technology adoption, sprucing up infrastructure, ensuring last mile connectivity, reducing VAT and providing access to easy bank loans in the context of ICT".
Anwar Shirpurwala, Executive Director, MAIT commented, "As a first measure, BJP Government should provide a climate that can enable investment promotion and build on policy measures that would accelerate the growth of domestic manufacturing. Positive sentiments will also build if hurdles are removed in implementation of many existing policies".
Progress Software
Ramesh Loganathan, VP and MD Progress Software, President ITsAP said, "A decisive verdict bodes very well. Â The government can make some tough policy decisions without needing to worry about stability or coalition compulsions. Â Given their plank was development, I am sure it will be pro-industry and pro-growth. Â As we have represented to all political parties, a certainty in the business and administrative environment will significantly help the industry. Â So a clear verdict here is very welcome. We look forward to working with the government and the new administration to take the IT industry to even stronger position and get Hyderabad and the state to leadership positioning the rapidly emerging technology startups space."
Nextcell Ltd.
Debasis Chatterji, CEO, Netxcell Limited said, "This is a thumping victory for the aam aadmi (the common man). Everywhere people have voted for development and growth. In front of people, there was a strong and time tested leader. This election is unprecedented as even people from a remote village have voted decisively for a certain party to give absolute power to deliver. People are wise and it is good to see that common people have emerged winners this elections. Â Seemaandhra people have voted for development and growth in their state by electing the correct leader. Telangana people have prized the person who fought relentlessly for the creation of Telangana. Overall people have voted for change and development. Moreover a single party majority will enable the government to be independent and decisive. The government will not have to depend on coalition partners."
TiE Hydrabad
Murali Bukkapatnam, President - TiE Hyderabad (The Indus Entrepreneurs) said, "Both at the centre and states, the people have given a decisive mandate to a single party which will provide a much needed stable government wiping the era of coalition governments. We are hopeful that the newly elected Prime Minister and Chief Ministers of both the states will take necessary steps in formulating the desired policies to promote entrepreneurship, innovation and development in the country as well as in the states."
Cyient
Dr. BVR Mohan Reddy, Executive Chairman, Cyient, said, "First, I would like to congratulate and thank all the voters who gave a very decisive verdict in favor of development irrespective of promises made and the money spent by political parties. Â These elections reflected democratization of politics through usage of social media and youth participation. Â The Indian voter, finally, gave a verdict for o utstanding leadership - Mr. Modi for PM, Mr. Babu for Andhra Pradesh CM and Mr. KCR for Telangana CM. Â I am very upbeat about future development in Andhra, Telangana and India."
Aditya Birla Group
Aditya Birla Group Chairman, Kumar Mangalam Birla, commented, "The newly elected Prime Minister of India has selected enthusiastic and talented people as his team members who have the ability to fulfill the hopes and aspirations of the common man and change the fortune of the country."
 Bharti Enterprises
Sunil Mittal, Chairman Bharti Enterprises commends, "the new government should bring back economic strength of the country through decisiveness. Theidea of small and merging ministries promises an efficient approach."
Hinduja Group
S P Hinduja, Chairman, Hinduja Group comments, "India has shown her capability to entire world as to "what is India". Now the question is about implementation. The firmness and confidence of the new ministers convey a positive attitude."
Maruti Suzuki India
R C Bhargava, Chairman, Maruti Suzuki India mentions,"The Narendra Modi government should uphold manufacturing and take steps to help create jobs and improve governance. Minor laws should also be taken care off."
 Future Group
Kishore Biyani, Founder & CEO, Future Group said, "The government should release the full potential of India where the upcoming entrepreneur can have the opportunity to grow and become big."
 DLF
Rajiv Singh, Vice Chairman, DLF said, "For the new government there are a lot of scope. There is a lot of foreign investment coming in as there is a lot of domestic demand that is waiting. Moreover, there are projects that are half done and half invested."
Xerox
Rajat Jain, MD, Xerox India said, "As we wait for the election results on May 16; the business and industrial sector are looking forward to a strong and stable government that can drive the process of reforms. These reforms are to do with simplifying processes in doing business in India- easing tax regimes, FDI in multiple sectors, more banking licences and creating an ecosystem that makes India an investment destination as well as creates more jobs for the youth. The present vibes and signals are extremely positive- stock markets are at all-time high, Rupee has appreciated and the sentiment of business community is extremely positive. In total, we all look forward towards a scam free, corruption free socio-economic and political environment that promotes businesses and makes India a developed super power by 2020."
IESA (India Electronics and Semiconductor Association)
Ashok Chandak, Chairman, IESAÂ said, "We envisage encouragement to the industry and focus on building fab units and electronic manufacturing clusters with an investment potential of over 75,000 crores in short term and cumulatively employing 28 million people by building local eco system within the next 10 years."
N Vidyashankar, President, IESA added , "IESA envisions working with the forthcoming  government to enable India reclaim its global leadership position in science and technology and attract investments  in the private sector. R&D needs a boost to make way for more patents and products made in India.  Additionally, declaring electronics as a priority sector, addressing the disabilities ranging from 7-26%, kick starting fabless product ecosystem and Preference for Domestically Manufactured Electronic Goods are important initiatives the industry is looking forward to."
International Copper Association India (ICAI)
Sanjeev Ranjan, Managing Director, International Copper Association India (ICAI)Â said, "We congratulate the new government and are hopeful of positive development in the infrastructure segment. By kick-starting stalled infrastructure projects, the entire economy can be pushed into momentum. The most important task in front of the new government is how to unlock $255 billion of stalled projects to bring back India on the much desired growth path of 8-9% of YoY GDP growth rate. Reviving stuck projects should be the top focus of the new government, from thermal power plants to steel mills are stuck for reasons ranging from delayed environmental clearances to blocked land acquisition. The consumption of copper is directly related to growth in infrastructure and manufacturing which are its two main components. Current consumption rate has been stuck for last few years for want of government support."
Consumer Electronics and Appliances Manufacturers Association (CEAMA)
Anirudh Dhoot, President, Consumer Electronics and Appliances Manufacturers Association (CEAMA), said, "The new cabinet brings many talented leaders with extensive experience in governance and administration. Consumer Electronics and Appliances Manufacturers Association foresees a strong yet sustainable growth in the consumer durable industry, driven by the new guidelines and initiatives that will pave the way for boost in local manufacturing, economic growth, advancement in technology and innovation. Also, with the Modi Government's aggressive emphasis on education and development more skilled manpower will get added to India’s workforce."
Perpetuuiti
"The Modi led BJP landslide win in the 2014 general election has increased the morale of the general public and corporate. Today corporate are looking for simplification of taxation, increased government spending in IT and ease in FDI; specifically push reforms and put India back on the Global IT map. Till date, no major IT company in the league of a Microsoft, Oracle, Google or Whats App has seen the light of day from India. The Modi Government should specifically focus on creating and encouraging this ecosystem within the Government, whether it is in promoting entrepreneurship as a degree in Universities, or Government backed VC funds. At Perpetuuiti, we are keen to see large scale investment in Key Government projects, such as state data centers, home ministry projects on surveillance and security, PSU automation, GSI backed projects, as well as recognition of threat to our IT infrastructure a nd infrastructure to build resilience and robustness. Ideally like other developed nations (USA, UK, UAE, Singapore etc.), we need our own standards on Business Continuity and their rapid implementation," said Rohil Sharma, CEO, Perpetuuiti.
Nihilent Technologies
"Quite apart from the euphoria in the stock market is the fervent hope of every thinking person in India that the new cabinet will galvanize the departments of government. The first 100 days will tell if they can get the long stalled power sector on track, if they can put energy security on track, if the useless disputes on gas, oil, coal and mining can be put right, push the tax code simplification, unleash the financial sector. In short if they can restart the engine and let the country run again," commented  Minoo Dastur, COO and President, Nihilent Technologies.
Aptech Ltd.
"The BJP manifesto is very holistic & wholesome where vocational education & employment generation is concerned. Skilling the youth and employment generation is a virtuous circle and the manifesto has given enough attention to this element. I believe these two points are what the country needs the maximum today. I also believe the strong mandate given by the people of India to BJP will further bolster the new government to laying emphasis on developing the human skill infrastructure. The human skill infrastructure involves access & availability of financing, particularly to the under-served, creating an institutional framework, recognition of skills, improving the quality of present vocational delivery mechanism, social acceptance and interface with the industry for acceptance from the jobs perspective" said, Â Ninad Karpe, CEO and MD, Aptech Ltd.
BSA | The Software Alliance
BSA President and CEO Victoria Espinel said, "With its large, highly skilled workforce and robust investment in research and development, India is well positioned to be a global leader in technology innovation. We congratulate the Prime Minister Modi on the new government’s forward-looking agenda for economic growth. We believe that ensuring there is a favorable policy framework for software-driven innovation will be an important element to the success of the government’s agenda. There is an opportunity to continue improving India’s regulatory and policy framework for cloud computing, data analytics and other major drivers of growth throughout the IT economy."
